TTSH on OTC
TILE SHOP HOLDINGS, INC.
American retail-home furniture company, incorporated in Delaware1
In its 2026 annual report the company says: “We are a specialty retailer of man-made and natural stone tiles, luxury vinyl tiles, setting and maintenance materials, and related accessories in the United States. We manufacture our own setting and maintenance materials, such as thinset, grout and sealer, under our Superior brand name, as well as work with other suppliers to manufacture private label products.”3 It is headquartered in Plymouth, Minnesota.1 Its shares trade on OTC under the symbol TTSH.1
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Last updated Oct 21, 2026.
Overview
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- TickerTTSH on OTC1
- IndustryRetail-Home Furniture, Furnishings & Equipment Stores1
- HeadquartersPlymouth, Minnesota1
- Incorporated inDE2
- Business address14000 Carlson Parkway, Plymouth, Mn 554412
- Filer categoryAccelerated filer, Smaller reporting company2
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The Tile Shop, LLC (“The Tile Shop”) was founded in 1985 and Tile Shop Holdings, Inc. (“Holdings,” and together with its wholly owned subsidiaries, including The Tile Shop, the “Company” or “we”) was incorporated in Delaware in June 2012. We are a specialty retailer of man-made and natural stone tiles, luxury vinyl tiles, setting and maintenance materials, and related accessories in the United States. Our assortment includes over 6,000 products from around the world. Natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. Man-made products include ceramic, porcelain, glass, cement, wood look, metal and luxury vinyl tile. The majority of our tile products are sold under our proprietary Rush River and Fired Earth brand names. We purchase our tile products, accessories and tools directly from our global network of suppliers . We manufacture our …3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue35¢$121.8M
- Selling, general and admin64¢$220.8M
- Interest0¢$41.0K
- Income tax0¢$1.4M
Out of $336.8M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending23¢$9.6M
- Share buybacks77¢$32.0M
Out of $5.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $336.8M | $347.1M | $377.1M |
| Cost of sales | $121.8M | $119.2M | $134.1M |
| Gross profit | $215.0M | $227.9M | $243.1M |
| Selling, general and administrative expenses | $220.8M | $224.4M | $226.9M |
| (Loss) Income from operations | -$5.8M | $3.5M | $16.2M |
| Interest expense, net | -$41.0K | -$275.0K | -$2.2M |
| (Loss) Income before income taxes | -$5.9M | $3.2M | $14.0M |
| Benefit (Provision) for income taxes | $1.4M | -$921.0K | -$3.9M |
| Net (loss) income | -$4.5M | $2.3M | $10.1M |
| Basic | -$0.10 | $0.05 | $0.23 |
| Diluted | -$0.10 | $0.05 | $0.23 |
| Basic | 43.7M shares | 43.7M shares | 43.4M shares |
| Diluted | 43.7M shares | 43.9M shares | 43.6M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net sales | $77.5M | $83.1M | $88.3M | $88.0M | $79.5M | $84.5M | $91.4M | $91.7M |
| Gross profit | $47.8M | $52.3M | $56.8M | $58.1M | $51.0M | $56.2M | $60.3M | $60.3M |
| (Loss) Income from operations | -$4.5M | -$2.0M | $440.0K | $183.0K | -$867.0K | $250.0K | $1.9M | $2.3M |
| Net (loss) income | -$3.4M | -$1.6M | $392.0K | $172.0K | -$628.0K | $41.0K | $1.2M | $1.7M |
| Basic | -$0.08 | -$0.04 | $0.01 | $0.00 | -$0.01 | $0.00 | $0.03 | $0.04 |
| Diluted | -$0.08 | -$0.04 | $0.01 | $0.00 | -$0.01 | $0.00 | $0.03 | $0.04 |
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $10.1M | $21.0M | |||
| Receivables, net | $3.5M | $3.1M | |||
| Inventories | $89.4M | $86.3M | |||
| Income tax receivable | $1.2M | $850.0K | |||
| Other current assets, net | $8.9M | $8.7M | |||
| Total Current Assets | $113.0M | $119.8M | |||
| Property, plant and equipment, net | $54.3M | $59.7M | |||
| Right of use asset | $126.3M | $132.9M | |||
| Deferred tax assets | $6.6M | $4.9M | |||
| Other assets | $1.6M | $2.3M | |||
| Total Assets | $301.7M | $319.6M | |||
| Accounts payable | $25.3M | $23.8M | |||
| Income tax payable | $79.0K | $62.0K | |||
| Current portion of lease liability | $29.9M | $28.9M | |||
| Other accrued liabilities | $23.9M | $25.6M | |||
| Total Current Liabilities | $79.2M | $78.4M | |||
| Long-term debt, net | $25.0M | ||||
| Long-term lease liability, net | $105.0M | $113.7M | |||
| Other long-term liabilities | $5.3M | $4.6M | |||
| Total Liabilities | $214.5M | $196.7M | |||
| Common stock, par value $0.0001; authorized: 100,000,000 shares; issued and outstanding: 39,821,741 and 44,657,898 shares, respectively | $4.0K | $4.0K | |||
| Additional paid-in capital | $98.5M | $129.7M | |||
| Accumulated deficit | -$11.3M | -$6.8M | |||
| Total Stockholders' Equity | $87.2M | $122.9M | $119.7M | $108.8M | |
| Total Liabilities and Stockholders' Equity | $301.7M | $319.6M | |||
| Common stock, par value (per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |||
| Common stock, shares issued | 39.8M shares | 44.7M shares | |||
| Common stock, shares outstanding | 39.8M shares | 44.7M shares | |||
| Preferred stock, par value (per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $10.1M | $21.0M | |||
| Receivables, net | $3.5M | $3.1M | |||
| Inventories | $89.4M | $86.3M | |||
| Income tax receivable | $1.2M | $850.0K | |||
| Other current assets, net | $8.9M | $8.7M | |||
| Total Current Assets | $113.0M | $119.8M | |||
| Property, plant and equipment, net | $54.3M | $59.7M | |||
| Right of use asset | $126.3M | $132.9M | |||
| Deferred tax assets | $6.6M | $4.9M | |||
| Other assets | $1.6M | $2.3M | |||
| Total Assets | $301.7M | $319.6M | |||
| Accounts payable | $25.3M | $23.8M | |||
| Income tax payable | $79.0K | $62.0K | |||
| Current portion of lease liability | $29.9M | $28.9M | |||
| Other accrued liabilities | $23.9M | $25.6M | |||
| Total Current Liabilities | $79.2M | $78.4M | |||
| Long-term debt, net | $25.0M | ||||
| Long-term lease liability, net | $105.0M | $113.7M | |||
| Other long-term liabilities | $5.3M | $4.6M | |||
| Total Liabilities | $214.5M | $196.7M | |||
| Common stock, par value $0.0001; authorized: 100,000,000 shares; issued and outstanding: 39,821,741 and 44,657,898 shares, respectively | $4.0K | $4.0K | |||
| Additional paid-in capital | $98.5M | $129.7M | |||
| Accumulated deficit | -$11.3M | -$6.8M | |||
| Total Stockholders' Equity | $87.2M | $122.9M | $119.7M | $108.8M | |
| Total Liabilities and Stockholders' Equity | $301.7M | $319.6M | |||
| Common stock, par value (per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |||
| Common stock, shares issued | 39.8M shares | 44.7M shares | |||
| Common stock, shares outstanding | 39.8M shares | 44.7M shares | |||
| Preferred stock, par value (per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$4.5M | $2.3M | $10.1M |
| Depreciation and amortization | $16.0M | $17.8M | $21.2M |
| Amortization of debt issuance costs | $72.0K | $72.0K | $257.0K |
| Gain on disposals of property, plant and equipment | -$132.0K | -$138.0K | -$13.0K |
| Impairment charges | $290.0K | $949.0K | $1.0M |
| Non-cash lease expense | $27.9M | $26.9M | $25.8M |
| Stock based compensation | $1.3M | $1.3M | $1.4M |
| Deferred income taxes | -$1.7M | $366.0K | $1.3M |
| Receivables | -$376.0K | -$203.0K | $528.0K |
| Inventories | -$3.1M | $7.4M | $27.3M |
| Other current assets, net | $433.0K | $1.7M | $3.3M |
| Accounts payable | $1.3M | $826.0K | $123.0K |
| Income tax receivable / payable | -$294.0K | -$1.8M | $4.9M |
| Accrued expenses and other liabilities | -$31.3M | -$30.5M | -$35.1M |
| Net cash provided by operating activities | $5.8M | $27.1M | $62.1M |
| Purchases of property, plant and equipment | -$9.6M | -$14.5M | -$15.3M |
| Proceeds from insurance | $3.0K | $100.0K | |
| Proceeds from the sale of property, plant and equipment | $195.0K | $102.0K | $58.0K |
| Net cash used in investing activities | -$9.4M | -$14.3M | -$15.3M |
| Payments of long-term debt | -$10.0M | -$65.4M | |
| Advances on line of credit | $25.0M | $10.0M | $20.0M |
| Proceeds from exercise of stock options | $4.0K | ||
| Repurchases of common stock | -$32.0M | ||
| Employee taxes paid for shares withheld | -$284.0K | -$503.0K | -$532.0K |
| Net cash used in financing activities | -$7.3M | -$503.0K | -$45.9M |
| Effect of exchange rate changes on cash | $69.0K | -$16.0K | |
| Net change in cash and cash equivalents | -$10.8M | $12.3M | $861.0K |
| Purchases of property, plant and equipment included in accounts payable and accrued expenses | $317.0K | $59.0K | $430.0K |
| Cash paid for interest | $239.0K | $306.0K | $2.1M |
| Cash paid (received) for income taxes, net of refunds | $597.0K | $2.3M | -$2.2M |
No quarter-by-quarter statement was filed.
Corporate structure
TILE SHOP HOLDINGS, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of TILE SHOP HOLDINGS, INC.
- JWTS, INC. Filed SCHEDULE 13D/A on TILE SHOP HOLDINGS, INC., latest Jan 5, 2026 (3 filings since Jan 4, 2022)
- Peter H. Kamin Filed SCHEDULE 13D/A on TILE SHOP HOLDINGS, INC., latest Dec 31, 2025 (2 filings since Jan 13, 2023)
- Fund 1 Investments, LLC Filed SCHEDULE 13D/A on TILE SHOP HOLDINGS, INC., latest Dec 16, 2025 (10 filings since Jan 10, 2023)
- Monomoy Capital Partners IV, L.P. Filed SCHEDULE 13G/A on TILE SHOP HOLDINGS, INC., latest Jan 7, 2025 (2 filings since Feb 14, 2023)
- CANNELL CAPITAL LLC Filed SC 13G/A on TILE SHOP HOLDINGS, INC., latest Feb 13, 2023
- David Kanen Filed SC 13D/A on TILE SHOP HOLDINGS, INC., latest Sep 26, 2022 (5 filings since Jul 22, 2022)
- BRC Group Holdings, Inc Filed SC 13D/A on TILE SHOP HOLDINGS, INC., latest Nov 1, 2021
- TILE SHOP HOLDINGS, INC. Plymouth, Minnesota
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What TILE SHOP HOLDINGS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $384.4M4 Dec 31, 2025 | $381.3M4 Dec 31, 2024 | +0.8% |
| Accumulated depreciation | $330.0M4 Dec 31, 2025 | $321.6M4 Dec 31, 2024 | +2.6% |
| Property and equipment, net | $54.3M4 Dec 31, 2025 | $59.7M4 Dec 31, 2024 | −9.1% |
| Operating-lease assets (leased space) | $126.3M4 Dec 31, 2025 | $132.9M4 Dec 31, 2024 | −5.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $10.1M4 Dec 31, 2025 | $21.0M4 Dec 31, 2024 | −51.7% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $89.4M4 Dec 31, 2025 | $86.3M4 Dec 31, 2024 | +3.6% |
| Raw materials | $1.8M4 Dec 31, 2025 | $2.0M4 Dec 31, 2024 | −10.4% |
| Finished goods | $87.6M4 Dec 31, 2025 | $84.3M4 Dec 31, 2024 | +4.0% |
Properties, in its own words
As of December 31, 2025, we operated 140 stores located in 31 states and the District of Columbia with an average square footage of approximately 20,000 square feet. The table below sets forth the store locations (alphabetically by state) of our 140 stores in operation as of December 31, 2025.
State · Stores · State · Stores · State · Stores · State · Stores
The rest of Item 2
Arizona · 4 · Illinois · 12 · Minnesota · 7 · Oklahoma · 2
Arkansas · 1 · Indiana · 4 · Missouri · 4 · Pennsylvania · 5
Colorado · 5 · Iowa · 1 · Nebraska · 1 · Rhode Island · 1
Connecticut · 3 · Kansas · 1 · New Jersey · 7 · South Carolina · 2
Delaware · 1 · Kentucky · 3 · New Mexico · 1 · Tennessee · 4
District of Columbia · 1 · Maryland · 5 · New York · 7 · Texas · 16
Florida · 5 · Massachusetts · 4 · North Carolina · 5 · Virginia · 6
Georgia · 4 · Michigan · 7 · Ohio · 8 · Wisconsin · 3
Total · 140
We lease all of our stores. Our approximately 15,000 square foot headquarters in Plymouth, Minnesota is attached to our store. We own three regional facilities used for distribution of purchased product and manufacturing of setting and maintenance materials, located in Ottawa Lake, Michigan; Ridgeway, Virginia; and Durant, Oklahoma, which consist of 271,000, 134,000, and 260,000 square feet, respectively. We lease an additional 100,000 square feet of warehouse space near our Ridgeway, Virginia distribution center.
In response to the challenges faced in our industry and continued pressure on our topline results, during 2024, we took steps to close our distribution center located in Dayton, New Jersey that is 163,000 square feet, and have entered into two sublease agreements for this space. Our lease of the distribution space in Dayton, New Jersey expires in September 2026. In addition, during 2025, we closed, and in February 2026, we sold, our former distribution center in Spring Valley, Wisconsin that was 69,000 square feet.
We believe that our material property holdings are suitable for our current operations and purposes.
Item 2 of the 10-K filed Feb 26, 2026.3
Leadership
Who has led TILE SHOP HOLDINGS, INC., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerCabell Lolmaugh Feb 22, 2019 to now12
- Chief executive officerChris Homeister Jan 6, 2015 to Oct 3, 201713
- Chief executive officerRobert A. Rucker Aug 21, 2012 to Feb 14, 201814
- PresidentChris Homeister Jan 6, 2015 to Oct 3, 201713
- Chief financial officerKarla Lunan Jan 11, 2022 to Mar 8, 202415
- Chief financial officerNancy Dimattia Sep 13, 2019 to Oct 25, 202116
- Chief financial officerKirk Geadelmann Aug 14, 2014 to May 14, 201917
- Chief financial officerTimothy C. Clayton Aug 21, 2012 to Feb 18, 201418
- Chief operating officerCabell Lolmaugh Feb 26, 2018 to Oct 19, 201819
- Chief operating officerChris Homeister Oct 3, 2013 to Feb 18, 201420
Board members and other officers (18)
- Sr. VP - Supply ChainJoyce Maruniak Mar 8, 2017 to Nov 6, 201721
- Sr. VP - RetailLynda Stout Mar 2, 2016 to Mar 2, 201622
- SVP - RetailCarl Randazzo Aug 21, 2012 to Aug 16, 201723
- SVP - OperationsJoseph Kinder Aug 21, 2012 to now24
- VP - HR and ComplianceLeigh M. Behrman Aug 21, 2012 to Apr 23, 201525
- Board memberBenjamin Faw Jan 15, 2026 to now26
- Board memberDeborah K. Glasser Jul 22, 2020 to now27
- Board memberLinda Solheid Jul 22, 2020 to now28
- Board memberMark J. Bonney Jul 22, 2020 to now29
- Board memberCabell Lolmaugh Feb 22, 2019 to now12
- Board memberPhilip B. Livingston Aug 4, 2016 to Jul 18, 201930
- Board memberChris Homeister Jan 6, 2015 to Oct 3, 201713
- Board memberChristopher Thomas Cook Sep 24, 2014 to Jul 18, 201931
- Board memberAdam L. Suttin Aug 21, 2012 to Oct 28, 201532
- Board memberPeter H. Kamin Aug 21, 2012 to now33
- Board memberPeter J. Jacullo Iii. Aug 21, 2012 to now34
- Board memberRobert A. Rucker Aug 21, 2012 to Jan 24, 202014
- Board memberTodd Krasnow Aug 21, 2012 to Jul 18, 201935
Timeline
- Dec 29, 20258-K Other events36
- Dec 15, 20258-K Listing notice or transfer; Bylaws or fiscal year changed; Other events37
- Dec 3, 20258-K Entered a material agreement; Listing notice or transfer; Bylaws or fiscal year changed38
- Nov 4, 20258-K Results of operations39
- Oct 6, 20258-K Other events40
- Aug 7, 20258-K Results of operations41
- Jun 3, 20258-K Shareholder vote42
- May 8, 20258-K Results of operations43
- Feb 27, 20258-K Results of operations; Executive or director change44
- Nov 7, 20248-K Results of operations45
- Aug 8, 20248-K Results of operations46
- Jun 20, 20248-K Shareholder vote47
- Feb 22, 2019New chief executive Cabell Lolmaugh becomes CEO12
- Jan 6, 2015New chief executive Chris Homeister becomes CEO13
- Aug 21, 2012New chief executive Robert A. Rucker becomes CEO14
Calendar
When it reported results
- Nov 4, 2025Reported quarterly or annual results39
- Aug 7, 2025Reported quarterly or annual results41
- May 8, 2025Reported quarterly or annual results43
- Feb 27, 2025Reported quarterly or annual results44
- Nov 7, 2024Reported quarterly or annual results45
- Aug 8, 2024Reported quarterly or annual results46
- May 9, 2024Reported quarterly or annual results48
- Feb 29, 2024Reported quarterly or annual results49
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
321 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 33 major events, 221 insider forms, 24 large holders, 25 other. The latest 20:
- Mar 9, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 9, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 9, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 3, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 3, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 3, 20264 OWNERSHIP DOCUMENT EDGAR
- Feb 27, 20264 OWNERSHIP DOCUMENT EDGAR
- Feb 27, 20264 OWNERSHIP DOCUMENT EDGAR
- Feb 27, 20264 OWNERSHIP DOCUMENT EDGAR
- Feb 26, 202610-K EDGAR
- Jan 15, 20263 EDGAR
- Jan 15, 20263 OWNERSHIP DOCUMENT EDGAR
- Jan 5, 2026SCHEDULE 13D/A EDGAR
- Jan 2, 202615-12G EDGAR
- Dec 31, 2025SCHEDULE 13D/A EDGAR
- Dec 29, 2025S-8 POS EDGAR
- Dec 29, 2025S-8 POS EDGAR
The 321 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
294 open-market trades by officers, directors and large owners since October 2021: 290 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 20, 2025 | PLP Funds Master Fund LP10% owner | Buy | 1,060 | $6.26 | $6.6K | Form 4 |
| Jun 20, 2025 | PLP Funds Master Fund LP10% owner | Buy | 1,060 | $6.26 | $6.6K | Form 4 |
| Jun 3, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 2,500 | $6.35 | $15.9K | Form 4 |
| Jun 2, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 18,001 | $6.22 | $112.0K | Form 4 |
| May 30, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 3,515 | $6.39 | $22.5K | Form 4 |
| May 23, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 11,254 | $5.84 | $65.7K | Form 4 |
| May 19, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 5,547 | $5.96 | $33.1K | Form 4 |
| May 8, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 10,000 | $5.10 | $51.0K | Form 4 |
| May 6, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 18,178 | $5.25 | $95.4K | Form 4 |
| Apr 25, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 4,924 | $5.76 | $28.4K | Form 4 |
| Apr 17, 2025 | Fund 1 Investments, LLC10% owner | Buy | 12,500 | $5.37 | $67.2K | Form 4 |
| Apr 16, 2025 | Fund 1 Investments, LLC10% owner | Buy | 2,500 | $5.39 | $13.5K | Form 4 |
| Apr 9, 2025 | PLP Funds Master Fund LP10% owner | Buy | 20,000 | $5.94 | $118.8K | Form 4 |
| Apr 9, 2025 | PLP Funds Master Fund LP10% owner | Buy | 20,000 | $5.94 | $118.8K | Form 4 |
| Apr 7, 2025 | PLP Funds Master Fund LP10% owner | Buy | 7,000 | $5.92 | $41.4K | Form 4 |
| Apr 2, 2025 | PLP Funds Master Fund LP10% owner | Buy | 20,000 | $6.52 | $130.3K | Form 4 |
| Apr 1, 2025 | PLP Funds Master Fund LP10% owner | Buy | 9,472 | $6.42 | $60.8K | Form 4 |
| Mar 31, 2025 | PLP Funds Master Fund LP10% owner | Buy | 13,208 | $6.48 | $85.6K | Form 4 |
| Mar 28, 2025 | PLP Funds Master Fund LP10% owner | Buy | 8,500 | $6.49 | $55.2K | Form 4 |
| Mar 27, 2025 | PLP Funds Master Fund LP10% owner | Buy | 1,000 | $6.50 | $6.5K | Form 4 |
All 294 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- JWTS, INC.SCHEDULE 13D/A, 3 filings Jan 4, 2022 to Jan 5, 202650
- Peter H. KaminSCHEDULE 13D/A, 2 filings Jan 13, 2023 to Dec 31, 202551
- Fund 1 Investments, LLCSCHEDULE 13D/A, 10 filings Jan 10, 2023 to Dec 16, 202552
- Monomoy Capital Partners IV, L.P.SCHEDULE 13G/A, 2 filings Feb 14, 2023 to Jan 7, 202553
- CANNELL CAPITAL LLCSC 13G/A, 1 filing Feb 13, 202354
- David KanenSC 13D/A, 5 filings Jul 22, 2022 to Sep 26, 202255
- BRC Group Holdings, IncSC 13D/A, 1 filing Nov 1, 202156
SEC filer profile
How TILE SHOP HOLDINGS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTILE SHOP HOLDINGS, INC.1
- CIK0001552800
- Employer ID (EIN)45-55380953
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)5700 Retail-Home Furniture, Furnishings & Equipment Stores1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address14000 Carlson Parkway, Plymouth, MN 554411
- Phone763-852-29501
- Shares outstanding39,821,741 shares as of Feb 23, 20263
- Public float$180.8M as of Jun 30, 20253
- AuditorRSM US LLP, Minneapolis, Minnesota PCAOB ID 49; it also attests to the company’s internal control over financial reporting3
- On EDGAR sinceJun 27, 20121
- Filings918 in all: 4 (484), 8-K (123), 10-Q (40), SC 13D/A (38), 3 (34), SC 13G/A (23), DEFA14A (17), 10-K (14)1
All 46 form types
DEF 14A (14), 4/A (13), SC 13G (12), UPLOAD (9), 5 (8), SC 13D (8), 425 (7), CORRESP (7), 424B3 (6), ARS (6), EFFECT (5), POS AM (4), S-8 POS (4), SCHEDULE 13D/A (4), S-8 (3), SC 13E3/A (3), SCHEDULE 13G/A (3), 10-Q/A (2), 25 (2), 424B4 (2), 8-A12B (2), PRE 14A (2), S-1 (2), S-1/A (2), S-4/A (2), 10-K/A (1), 144 (1), 15-12B (1), 15-12G (1), 5/A (1), 8-K/A (1), 8-K12G3 (1), CERT (1), CERTNAS (1), S-1MEF (1), S-4 (1), SC 13E3 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Nov 4, 2025
Proxy statement (DEF 14A) Nov 5, 2025
Latest 8-K (8-K) Dec 29, 2025
Risk factors and legal proceedings
The risks TILE SHOP HOLDINGS, INC. names in Item 1A of its 10-K filed Feb 26, 2026: 32 risks under these headings, as written.3
- Risks Related to Our Growth Strategy
- Our ability to grow and remain profitable may be limited by direct or indirect competition in the highly-competitive retail tile industry.
- Any failure by us to successfully anticipate consumer trends may lead to loss of consumer acceptance of our products, resulting in reduced revenues.
- If we are unable to effectively manage our online sales, our reputation and operating results may be harmed.
- Our success depends on the effectiveness of our marketing strategy.
- Risks Related to our Business, Operations and Financial Condition
- Numerous economic factors, including inflation, trade policy, our exposure to the U.S. housing industry, and an economic recession or downturn, or a downturn in the U.S. housing industry, could adversely affect us.
- Our comparable store sales fluctuate due to a variety of economic, operating, industry and environmental factors and may not be a fair indicator of our overall performance.
- If customers are unable to obtain third-party financing at satisfactory rates, sales of our products could be materially adversely affected.
- The burden of incurring debt under our existing credit facility could adversely affect us and make us more vulnerable to adverse economic or industry conditions.
- If we are unable to renew or replace current store leases, or if we are unable to enter into leases for additional stores on favorable terms, or if one or more of our current leases is terminated prior to expiration of its stated term and we cannot find suitable alternate store locations, our growth and profitability could be negatively impacted.
- Natural disasters, changes in climate, geopolitical and other catastrophic events could adversely affect our operating results.
The other 22 risks
- We are a holding company with no business operations of our own and depend on cash flow from The Tile Shop to meet our obligations.
- Our failure or inability to protect our intellectual property rights could diminish the value of our brand and weaken our competitive position.
- Sustainability policies and practices could result in additional costs, and could adversely impact our reputation, consumer perception, employee retention, and willingness of third parties to do business with us.
- Risks Related to Our Labor and Supply Chain
- If we fail to identify and maintain relationships with a sufficient number of suppliers, our ability to obtain products that meet our high quality standards at attractive prices could be adversely affected.
- Our reliance on foreign suppliers increases our risk of not obtaining adequate, timely and cost-effective products and other risks involved in foreign operations.
- Our ability to offer compelling products, particularly products made of unique stone, depends on the continued availability of sufficient suitable natural products.
- Our success is highly dependent on our ability to provide timely delivery to our customers, and any disruption in our delivery capabilities or our related planning and control processes may adversely affect our operating results.
- We depend on a few key employees, and if we lose the services of these employees, we may not be able to operate our business effectively.
- If we fail to hire, train, and retain qualified store managers, sales associates, and other employees, our enhanced customer service could be compromised and we could lose sales to our competitors.
- Our ability to control labor costs is limited, which may negatively affect our business.
- Our insurance coverage and self-insurance reserves may not cover future claims.
- Legal and Regulatory Risks
- Compliance with laws or changes in existing or new laws and regulations or regulatory enforcement priorities could adversely affect our business.
- If our suppliers do not use ethical business practices or comply with applicable laws and regulations, our reputation could be harmed due to negative publicity and we could be subject to legal risk.
- We are involved in legal proceedings from time to time and, while we cannot predict the outcomes of such proceedings and other contingencies with certainty, some of these outcomes could adversely affect our business, financial condition and results of operations.
- Technology-Related Risks
- Our business operations could be disrupted if we are unable to protect the integrity and security of our customer and other personal and/or confidential information.
- If our management information systems experience disruptions, it could disrupt our business and reduce our net sales.
- The selection and implementation of information technology initiatives may impact our operational efficiency and productivity.
- Risks Related to Ownership of Our Common Stock
- Our common stock is no longer listed on Nasdaq and we have terminated the registration of our common stock under Section 12(b) and 12(g) of the Exchange Act and suspended our reporting obligations under Section 15(d) of the Exchange Act, which may have an adverse effect on the liquidity of our common stock and the availability of information about the Company and our business and results of operations.
- We currently do not pay quarterly dividends or have a stock repurchase program; as such, appreciation in the price of our common stock may be the only method to realize a return on your investment.
- Concentration of ownership may have the effect of delaying or preventing a change in control.
- Anti-takeover provisions contained in our certificate of incorporation and bylaws and provisions of Delaware law could impair a takeover attempt.
- Our certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the exclusive forum for certain types of lawsuits, which could increase costs to bring a claim, discourage claims or limit the ability of our stockholders to bring a claim in a judicial forum viewed by the stockholders as more favorable for disputes with us or our directors, officers or other employees.
Legal proceedings
We are, from time to time, party to lawsuits, threatened lawsuits, disputes and other claims arising in the normal course of business. We assess our liabilities and contingencies in connection with outstanding legal proceedings utilizing the latest information available. Where it is probable that we will incur a loss and the amount of the loss can be reasonably estimated, we record a liability in our consolidated financial statements. These legal accruals may be increased or decreased to reflect any relevant developments on a quarterly basis. Where a loss is not probable or the amount of the loss is not estimable, we do not record an accrual, consistent with applicable accounting guidance. In the opinion of management, while the outcome of such claims and disputes cannot be predicted with certainty, our ultimate liability in connection with these matters is not expected to have a material adverse effect on our results of operations, financial position or cash flows, and the amounts accrued for any individual matter are not material. However, legal proceedings are inherently uncertain. As a result, the outcome of a particular matter or a combination of matters may be material to our results of operations for a particular period, depending upon the size of the loss or our income for that particular period.
The opening of Item 3, Legal Proceedings.3
Sources
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- 15SEC EDGARKarla Lunan, Chief financial officer
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- 22SEC EDGARLynda Stout, Sr. VP - Retail
- 23SEC EDGARCarl Randazzo, SVP - Retail
- 24SEC EDGARJoseph Kinder, SVP - Operations
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- 26SEC EDGARBenjamin Faw, Board member
- 27SEC EDGARDeborah K. Glasser, Board member
- 28SEC EDGARLinda Solheid, Board member
- 29SEC EDGARMark J. Bonney, Board member
- 30SEC EDGARPhilip B. Livingston, Board member
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- 32SEC EDGARAdam L. Suttin, Board member
- 33SEC EDGARPeter H. Kamin, Board member
- 34SEC EDGARPeter J. Jacullo Iii., Board member
- 35SEC EDGARTodd Krasnow, Board member
- 36SEC EDGAROther events
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- 39SEC EDGARResults of operations
- 40SEC EDGAROther events
- 41SEC EDGARResults of operations
- 42SEC EDGARShareholder vote
- 43SEC EDGARResults of operations
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- 45SEC EDGARResults of operations
- 46SEC EDGARResults of operations
- 47SEC EDGARShareholder vote
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